IOR 0.00% 0.0¢ indiore ltd

Why does the joint company secretary have a production target??...

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    Why does the joint company secretary have a production target??

    RESOLUTION 7 – ISSUE OF PERFORMANCE RIGHTS – TIMOTHY LEE
    To consider and, if thought fit, to pass, with or without amendment, the following
    resolution as an ordinary resolution:
    “That, for the purposes of ASX Listing Rule 7.1 and for all other purposes,
    approval is given for the Company to issue up to 2,750,000 Performance
    Rights to Mr Timothy Lee (or his nominee) on the terms and conditions set
    out in the Explanatory Statement.”
    Voting Exclusion: The Company will disregard any votes cast in favour of the Resolution
    by or on behalf of a person who is expected to participate in, or who will obtain a
    material benefit as a result of, the proposed issue (except a benefit solely by reason of
    being a holder of ordinary securities in the Company) or an associate of that person (or
    those persons). However, the Company need not disregard a vote if it is cast by a person
    as a proxy for a person who is entitled to vote, in accordance with the directions on the
    Proxy Form, or, it is cast by the person chairing the meeting as proxy for a person who is
    entitled to vote, in accordance with a direction on the Proxy Form to vote as the proxy
    decides.


    Ridiculous!
 
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